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FOX News
Dec 29, 2012 11:00am PST
for defense and so the american ability to project power abroad is going to decline and maybe rapidly. the key question, economic growth. can we get out of this 1% to 2 1/2% ban we've been in for four years now and break out of that, if we can't, the kind of commitments the government make, the government is making are just going to be unaffordable. >> you know, i think i've previously cited the noble economist, noble laureate, university of chicago who looked at this closely and shade why aren't we get growth coming and cited europe, and fell off the growth path around 3% after world war ii and he concluded, as jason was just suggesting, the welfare commitments they'made. it was unsustainable and the growth rate dropped permanently and lucas raised the question whether the united states itself was on this lower, long-term growth path. that's the question. >> so, jason, what's-- where do we go from here? particularly if you're conservative, what are your-- where does the comeback begin? does it begin in somehow accommodating the middle and saying, look, it's a progressive year and we've got to
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